The details of the reported deal remain unclear
Keystone
The Swiss firm, Stadler Rail, has rejected reports that it signed off on a major infrastructure contract with Iran’s Industrial Development & Renovation Organization for 960 wagons for an underground railway system.
This content was published on
1 minute
swissinfo.ch with SDA/ATS, ug
The companyExternal link said there is no deal or decision but merely a public tender, according to SRF public radio.
Iran’s official news agency reported the deal, worth CHF1.3 billion ($1.4 billion), was agreed on the sidelines of a meeting between trade delegations from Switzerland and Iran on Wednesday.
The Swiss embassy to Tehran, quoting Iran’s news agency, specified that the wagons will be in service from the end of 2020 in the capital and its western suburb of Karaj.
It would have been the first major contract between a Swiss and an Iranian company since international economic sanctions against Tehran were lifted more than two years ago.
You can find an overview of ongoing debates with our journalists here. Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.
Read more
More
Morales turns to Switzerland for railway expertise
This content was published on
Switzerland has signed a memorandum of understanding with Bolivia to support a rail project that plans to span the continent of South America.
This content was published on
Swiss railway vehicle manufacturer Stadler Rail is building a factory in Utah, with the goal of taking the company’s US operations to the next level.
Stadler Rail awaiting big contract before investing in India
This content was published on
A spokesperson for the firm confirmed that the city of Visakhapatnam in the state of Andhra Pradesh, is one possible location for a production unit. The state’s chief minister Chandrababu Naidu recently met with the company’s officials in Zurich and his office had issued a press release stating that Visakhapatnam could be potential choice for…
This content was published on
The order was placed by Abellio East Anglia who have been chosen to run the East Anglia rail network from October 17. The operator has ambitious plans to increase the number of seats from destinations such as Norwich, Cambridge and Stanstead Airport to London by 55% during peak hours. Until now, Stadler has supplied stock…
This content was published on
The new office will aim to advise foreign multinationals on how to operate in a country slowly awakening from years of international isolation and numerous economic downturns. In February, Germany’s CMS was the first international law firm to open an office in Tehran since the 1979 Islamic Revolution. Economic sanctions were lifted in January this…
You can find an overview of ongoing debates with our journalists here. Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.